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SHAREHOLDERS' EQUITY
6 Months Ended
Jun. 30, 2011
SHAREHOLDERS' EQUITY [Abstract]  
SHAREHOLDERS' EQUITY

SHAREHOLDERS’ EQUITY

    On July 21, 2011, our board of directors authorized a share repurchase program of up to 5 million shares of common stock that will terminate in three years for any of the remaining shares not yet repurchased.  This repurchase program replaced the April 1998 program, which had 154,076 shares remaining authorized to be purchased as of June 30, 2011.

We issued 0.5 million shares and 0.2 million shares representing stock options exercised for the six months ended June 30, 2011 and 2010, respectively, with a total value of $9.3 million and $2.5 million, respectively.  In addition, we issued 0.3 million shares with a total value of $5.8 million for the six months ended June 30, 2010, in connection with our Contributing Employee Ownership Plan (CEOP).  Effective September 23, 2010, our CEOP plan began to purchase shares in the open market in lieu of our issuing shares to satisfy the investment in our common stock resulting from employee contributions, our matching contributions, retirement contributions and re-invested dividends.  Effective February 1, 2011, we reinstated the match on all salaried and certain non-bargained hourly employees’ contributions, which had previously been suspended effective January 1, 2010.

The following table represents the activity included in accumulated other comprehensive loss:

   
Foreign
Currency
Translation
Adjustment
   
Unrealized
Gains (Losses)
on Derivative
Contracts
(net of taxes)
   
Pension and
Postretirement
Benefits
(net of taxes)
   
Accumulated
Other Comprehensive
Loss
 
   
($ in millions)
 
Balance at January 1, 2010
 
$
(0.5
)
 
$
11.6
   
$
(259.3
)
 
$
(248.2
)
Unrealized losses
   
(1.4
)
   
(8.7
)
   
     
(10.1
)
Reclassification adjustments into income
   
     
(4.7
)
   
4.9
     
0.2
 
Balance at June 30, 2010
 
$
(1.9
)
 
$
(1.8
)
 
$
(254.4
)
 
$
(258.1
)
Balance at January 1, 2011
 
$
0.4
   
$
11.6
   
$
(273.8
)
 
$
(261.8
)
Unrealized gains
   
2.3
     
0.2
     
     
2.5
 
Reclassification adjustments into income
   
     
(6.4
)
   
6.1
     
(0.3
)
Balance at June 30, 2011
 
$
2.7
   
$
5.4
   
$
(267.7
)
 
$
(259.6
)

Pension and postretirement benefits (net of taxes) activity in other comprehensive loss included the amortization of prior service costs and actuarial losses.

Unrealized gains and losses on derivative contracts (net of taxes) activity in other comprehensive loss included a deferred tax provision (benefit) for the six months ended June 30, 2011 and 2010 of $4.0 million and $(8.4) million, respectively.  Pension and postretirement benefits (net of taxes) activity in other comprehensive loss included a deferred tax provision for the six months ended June 30, 2011 and 2010 of $4.0 million and $3.1 million, respectively.